Triad Investment Management Makes New Investment in Thor Industries, Inc. $THO

Triad Investment Management bought a new stake in shares of Thor Industries, Inc. (NYSE:THO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 41,652 shares of the RV manufacturer’s stock, valued at approximately $4,276,000. Thor Industries comprises 4.3% of Triad Investment Management’s holdings, making the stock its 9th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of THO. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Thor Industries in the third quarter worth $27,000. Danske Bank A S bought a new position in Thor Industries in the third quarter valued at about $41,000. Allworth Financial LP boosted its position in Thor Industries by 50.2% in the third quarter. Allworth Financial LP now owns 497 shares of the RV manufacturer’s stock worth $52,000 after purchasing an additional 166 shares during the last quarter. HM Payson & Co. boosted its position in Thor Industries by 33.0% in the third quarter. HM Payson & Co. now owns 540 shares of the RV manufacturer’s stock worth $56,000 after purchasing an additional 134 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Thor Industries by 83.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 538 shares of the RV manufacturer’s stock valued at $56,000 after purchasing an additional 244 shares during the period. 96.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on THO shares. UBS Group set a $97.00 price target on shares of Thor Industries in a research report on Thursday, December 4th. Roth Mkm boosted their target price on shares of Thor Industries from $93.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a report on Wednesday, March 4th. Truist Financial dropped their price target on shares of Thor Industries from $112.00 to $109.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Finally, Zacks Research raised shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Thor Industries has a consensus rating of “Hold” and an average target price of $106.10.

Insiders Place Their Bets

In other Thor Industries news, COO W. Todd Woelfer sold 4,567 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $114.84, for a total transaction of $524,474.28. Following the sale, the chief operating officer directly owned 104,109 shares of the company’s stock, valued at $11,955,877.56. This trade represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Busch Orthwein acquired 2,600 shares of the stock in a transaction dated Friday, March 6th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $229,450.00. Following the completion of the transaction, the director directly owned 139,000 shares of the company’s stock, valued at approximately $12,266,750. This represents a 1.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 4.70% of the stock is currently owned by insiders.

Thor Industries Stock Down 2.7%

THO stock opened at $77.77 on Thursday. The business’s 50-day moving average price is $99.41 and its 200-day moving average price is $103.14. The stock has a market cap of $4.09 billion, a P/E ratio of 24.15, a PEG ratio of 1.55 and a beta of 1.45. The company has a quick ratio of 0.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.20. Thor Industries, Inc. has a twelve month low of $63.15 and a twelve month high of $122.83.

Thor Industries (NYSE:THO) last released its earnings results on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.31. Thor Industries had a net margin of 3.02% and a return on equity of 6.96%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm posted ($0.01) EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. On average, equities research analysts forecast that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Monday, April 6th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, April 6th. Thor Industries’s dividend payout ratio (DPR) is presently 64.60%.

Thor Industries Profile

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.